International Game Technology (FRA:IGT) Interest Expense : €-79 Mil (TTM As of Dec. 2014)

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What is International Game Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. International Game Technology's interest expense for the three months ended in Dec. 2014 was € -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2014 was €-79 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. International Game Technology's Operating Income for the three months ended in Dec. 2014 was € 51 Mil. International Game Technology's Interest Expense for the three months ended in Dec. 2014 was € -17 Mil. International Game Technology's Interest Coverage for the quarter that ended in Dec. 2014 was 2.98. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

International Game Technology Interest Expense Historical Data

The historical data trend for International Game Technology's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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International Game Technology Interest Expense Chart

International Game Technology Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Interest Expense

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-123.38

-95.09

-94.83

-92.30

-92.73

International Game Technology Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Interest Expense	Get a 7-Day Free Trial															-26.57	-26.68	-19.58	-15.21	-17.27

International Game Technology Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2014 adds up the quarterly data reported by the company within the most recent 12 months, which was €-79 Mil.

International Game Technology (FRA:IGT) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

International Game Technology's Interest Expense for the three months ended in Dec. 2014 was €-17 Mil. Its Operating Income for the three months ended in Dec. 2014 was €51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2014 was €1,468 Mil.

International Game Technology's Interest Coverage for the quarter that ended in Dec. 2014 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2014 )	/	Interest Expense (Q: Dec. 2014 )
	=	-1	*	51.498	/	-17.274
	=	2.98

The higher the ratio, the stronger the company's financial strength is.

International Game Technology (FRA:IGT) Business Description

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International Game Technology was incorporated in Nevada in December 1980. It is a gaming Company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms land-based, online real-money and social gaming. The Company manages operations in two geographic segments namely North America and International. North America consists of operations in the US and Canada and International encompasses its efforts in all other jurisdictions. The Company has two revenue streams within each business segment gaming operations and product sales. It includes the sales of gaming equipment, systems, services, licensing, and component parts in Product Sales. It provides casino games, gaming equipment and systems technology for land-based and online social gaming and wagering markets under for-sale or revenue sharing arrangements. IGT systems products include infrastructure and applications for casino management, customer relationship management, player management, and server-based gaming. Casino management solutions include integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, and table game automation. The Company's competitors include Ainsworth Game Technology Ltd, Aristocrat Leisure Limited, Bally Technologies, Inc., Konami Gaming Inc., Novomatic Group of Companies, and WMS Industries, Inc. At September 30, 2013, the Company held approximately 6,000 patents or patent applications and approximately 4,100 trademarks filed and registered around the world. he manufacture and distribution of casino games, gaming equipment, systems technology, and related services, as well as the operation of casinos, is subject to regulation by a variety of federal, state, international, tribal, and local agencies, with the majority of oversight provided by individual state gaming control boards.